Super Micro has a plan for its delayed reports, names new auditor; stock jumps
Super Micro has a plan for its delayed reports, names new auditor; stock jumps
Super Micro Computer Inc. (SMCI) shares rose 18.5% in premarket trading on Tuesday after the company announced a plan to file its delayed financial reports and named a new auditor.
The company said it plans to file its annual report on Form 10-K for the fiscal year ended June 30, 2022, and its quarterly report on Form 10-Q for the quarter ended September 30, 2022, by December 16, 2022.
Super Micro has a plan to file its delayed financial reports
Super Micro also announced that it has appointed Marcum LLP as its new independent registered public accounting firm. Marcum LLP will replace Deloitte & Touche LLP, which resigned as Super Micro's auditor in August 2022.
The company's shares have been under pressure in recent months due to the delay in filing its financial reports. The company said it had been working to complete its financial statements and had been in discussions with the Securities and Exchange Commission (SEC) about the matter.
The company's plan to file its delayed financial reports and the appointment of a new auditor are positive developments that could help to restore investor confidence in the company.
Super Micro names new auditor
The company said it has been working with Marcum LLP to complete its financial statements and that it expects to file its annual report on Form 10-K for the fiscal year ended June 30, 2022, and its quarterly report on Form 10-Q for the quarter ended September 30, 2022, by December 16, 2022.
The company's shares have been under pressure in recent months due to the delay in filing its financial reports. The company said it had been working to complete its financial statements and had been in discussions with the Securities and Exchange Commission (SEC) about the matter.
The company's plan to file its delayed financial reports and the appointment of a new auditor are positive developments that could help to restore investor confidence in the company.
Stock Jumps
Super Micro Computer Inc. (SMCI) shares rose 18.5% in premarket trading on Tuesday after the company announced a plan to file its delayed financial reports and named a new auditor.
The company said it plans to file its annual report on Form 10-K for the fiscal year ended June 30, 2022, and its quarterly report on Form 10-Q for the quarter ended September 30, 2022, by December 16, 2022.
The company also announced that it has appointed Marcum LLP as its new independent registered public accounting firm. Marcum LLP will replace Deloitte & Touche LLP, which resigned as Super Micro's auditor in August 2022.
The company's shares have been under pressure in recent months due to the delay in filing its financial reports. The company said it had been working to complete its financial statements and had been in discussions with the Securities and Exchange Commission (SEC) about the matter.
The company's plan to file its delayed financial reports and the appointment of a new auditor are positive developments that could help to restore investor confidence in the company.
